The federal government is considering restricting billions of dollars in tax credits and grants for electricity projects to provinces that commit to the 2035 target for an emissions-free electricity grid.
The federal budget already made clear the restriction would be in place for the new refundable 15 per cent clean electricity investment tax credit, which is for investments in non-emitting electricity production, storage and interprovincial transmission.But there are several other new investment tax credits for hydrogen production, clean technology and carbon capture and storage systems, worth tens of billions over the next 12 years.
The 2035 clean-power target will be enshrined in regulations, and Guilbeault is expected to publish the first draft of those rules as early as this week. They will spell out, for example, a timeline for natural gas power plants to be closed or fitted with carbon-capturing systems. "We will not attempt the impossible when it comes to power production in our province," Saskatchewan Premier Scott Moe said in May.
Aiming for net-zero electricity earlier is key because it unlocks the potential to decarbonize many other industries down the road. Electric vehicles, for example, are only non-emitting if the power used to charge their batteries comes from non-emitting sources. He also said the disagreement isn't about whether to build non-emitting electricity. It's about how fast to do it.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Provinces may have to agree to Ottawa’s 2035 clean power target to access fundingThe option could be the latest political grenade in the federal-provincial relationship when it comes to environmental matters
Read more »
Provinces may have to agree to Ottawa's 2035 clean power target to access fundingThe federal government is considering restricting billions of dollars in tax credits and grants for electricity projects to provinces that commit to the 2035 target for an emissions-free electricity grid.
Read more »
Teens arrested south of Ottawa after crashing vehicle reported stolen from MontrealOntario Provincial Police say two 17-year-olds have been arrested after a crash in Edwardsburgh/Cardinal involving a reportedly stolen vehicle.
Read more »
Ottawa police investigating after man injured in east end shooting early SundayMan shot, minor injuries in east end
Read more »
Ottawa lags on invitation to join global group that crafts vaccines for world’s poorDocuments show the International Vaccine Institute first invited Canada to join nearly 40 other countries as a member in a July 24, 2020, letter.
Read more »